WGR 0.00% 2.8¢ western gold resources limited.

don't hold your breath for a rights issue, can see an...

  1. 41 Posts.
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    don't hold your breath for a rights issue, can see an sophisticated investor placement coming on the back of the debt deal.
    banks normally only lend 60-70% of the total build cost so expect a raise of around $40m which would be a stretch for a rights issue especially at these prices
    it'll probably be a discounted institutional raise with a small spp as a sop to the punters
 
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